Stree Shakti Scheme Online Apply | Stree Shakti Scheme Details | SBI Stree Shakti Loan Details
Several initiatives have been taken by the Central and State Governments to encourage women entrepreneurs. Now women can get secured financial assistance from various banks and financial institutions. Today in this article we are going to discuss everything about the scheme like its eligibility criteria, required documents, objectives, benefits, important highlights, the application process, etc. So to know more stay connected with us.
SBI Stree Shakti Scheme 2023
To empower women entrepreneurs, the central government has launched SBI Stree Shakti Yojana with the help of the State Bank of India. Under this scheme, financial assistance will be provided to the women to start their businesses. Ambitious women who have some plans but are not able to implement them due to financial problems can get loans up to Rs 25 lakh under the Stree Shakti Yojana through the State Bank of India. The loan will be provided to women at a very low rate of interest.
If you want to take a loan under SBI Stree Shakti Yojana, you must have at least 50% or more participation in the business. Only then they can apply for getting a loan under this scheme. You can get a loan of up to Rs 5 lakh without any collaterals.
| About | SBI Stree Shakti Scheme |
| Started By | SBI Bank Assistance by the Central Government |
| Started On | October 2000 |
| Objective | To make the women of the country self-reliant |
| Beneficiary | The women of the country who want to start their own business. |
| Loan Amount | Rs 50,000 to Rs 25 lakhs |
| Application Procedure | Offline |
| SBI Official Website | Click Here |
Objective Of Stree Shakti Scheme
The objective of Stree Shakti Yojana are:
- To help women entrepreneurs in India get loans and achieve their entrepreneurial goals.
- To help women become self-reliant and help them save more.
- To provide easy credit to women entrepreneurs in India to enhance their entrepreneurial goals.
- Women’s empowerment will be promoted through this scheme. Along with this, the economic status of women in society will also improve.
Stree Shakti Scheme Loan Details
| Feature | Description |
| Loan Amount for Retail Traders | Rs. 50,000 to Rs. 2 lakhs |
| The loan amount for Business Enterprises. | Rs. 50,000 to Rs. 2 lakhs |
| The loan amount for Professional | Rs. 50,000 to Rs. 25 lakhs |
| The loan amount for SSI. | Rs. 50,000 to Rs. 25 lakhs |
| Interest Rate | Depends on the prevailing rate of interest at the time of application and the applicant’s business profile |
| Share capital owned by women | 50% |
| Collateral | Not required for loans up to Rs. 5 lakhs |
Stree Shakti Scheme Interest Rates 2023
Interest rates vary according to the amount borrowed. The margin applicable for individual categories will be reduced by 5%.
For Loan Upto Rs 2 Lakhs: The interest rate for women borrowing above Rs. 2 lahks at the current interest rate is 0.5% less. You do not have to provide collateral or security for loans up to Rs. 5 lahks in the case of small-scale units. Special 5% discount on Margin.
Collateral Requirement
You do not have to provide any collateral for a loan upto Rs 10 lakhs given to MSME enterprises owned by women entrepreneurs and women entrepreneurs can take loans up to Rs 100 under the CGTMSE scheme also do not require any collateral. You will need to provide collateral for any loan of Rs 1 crore or more.
Businesses covered under SBI Stree Shakti Yojana
- Dairy Sector
- Farm Products
- Clothing Sector
- Home Products
- Cottage Industry
- Papad making business
- Sale of fertilizers
- Cosmetic item or beauty parlor business
Eligibility Criteria
- The woman must be a native of India.
- Only women will be eligible to apply under this scheme.
- If a woman owns 50% or more of a business, she can apply for a loan.
- Women who work in small employee services like doctors, CA, and architects will also be eligible to get loans under this scheme.
- Small business units like retail business service providers can avail of the loan under this scheme.
Documents Required For Stree Shakti Scheme
- Aadhaar Card
- Address proof
- Identity card
- Company Ownership Certificate
- Application form
- If there is a partner with the bank statement company, then its necessary to documents
- ITR of last 2 years
- Income certificate
- Mobile number
- Passport size photo
- Business plan profit and loss statement with proof.
How To Apply For SBI Stree Shakti Scheme?
- First of all, you have to visit your nearest State Bank of India branch.
- Go to the loan department and talk to the employee about this type of loan.
- Now take the Stree Shakti Scheme application form.
- You have to enter all the necessary information asked in the application form carefully.
- After entering all the information, attach the required documents with the application form and submit this application form to the bank employee.
- Your application form will be verified by the bank official.
- After verification, your loan will be approved, and the loan amount will be credited to your bank account within 24 to 48 hours.
- By following the above procedure you can easily apply for the SBI Stree Shakti Scheme 2023.
NOTE:- Stay connected to our website Yojanasarkari for information about any scheme related to Central Government and State Government.
FAQs
What is SBI Stree Shakti Scheme?
Stree Shakti Scheme Interest Rates 2023
Which sector comes under the Stree Shakti scheme?
Farm Products
Clothing Sector
Home Products
Cottage Industry
Papad making business
Sale of fertilizers
Cosmetic item or beauty parlor business
When was Stree Shakti Yojana started?
Documents Required For Stree Shakti Scheme
Address proof
Identity card
Company Ownership Certificate
Application form
If there is a partner with the bank statement company, then its necessary to documents
ITR of last 2 years
Income certificate
Mobile number
Passport size photo
Business plan profit and loss statement with proof
